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Nobia — M&A Activity 2014
Oct 30, 2014
3084_rns_2014-10-30_8568e903-1550-4751-9061-a6e721490547.pdf
M&A Activity
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Nobia AB (publ) 30 October 2014
Agreement on divestment of Hygena signed
Following consultation with employee representatives, Nobia has today signed an agreement concerning the sale of Hygena Cuisines SAS to the French kitchen company Fournier Group for EUR 20 million, on a cash and debt-free basis.
The transaction is expected to be finalised during the fourth quarter of 2014 and is subject to approval by the French competition authorities.
For further information:
Mikael Norman, CFO +46 (0)440 16 09 or +46 (0)705 94 57 29 [email protected]
Lena Schattauer, Head of Investor Relations +46 (0)8 440 16 07 or +46 (0)705 95 51 00 [email protected]
Nobia develops and sells kitchen solutions through some twenty strong brands in Europe, including Magnet in the UK, Hygena in France, HTH, Norema, Sigdal, Invita and Marbodal in Scandinavia and Petra, Parma and A la Carte in Finland, ewe, Intuo and FM in Austria, as well as Poggenpohl globally. Nobia creates profitability by combining economies of scale with attractive kitchen offerings. The Group has approximately 6,500 employees and sales of about SEK 12 billion in 2013. The share is listed on NASDAQ OMX Stockholm under the ticker NOBI Website: www.nobia.se